• Corpus ID: 9544619

How do venture investments by different classes of financial institutions affect the equity underwriting process ?

@inproceedings{Li2007HowDV,
  title={How do venture investments by different classes of financial institutions affect the equity underwriting process ?},
  author={Xi Li},
  year={2007}
}
  • Xi Li
  • Published 2007
  • Economics, Business
Over the 1993-2000 period, a majority of U.S. venture-backed IPOs have venture backing by financial institutions. Each class of financial institutions has its own asset expertise, investment criteria and access to proprietary information on private firms, which we exploit evaluating whether venture investments by commercial banks, investment banks and insurance companies have independent effects on the equity underwriting process. We also examine whether these effects are a function of… 

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